U.S. Medical Devices And Biopharmaceutical Industries Overview.pdf

- U.S. Medical Devices and Biopharmaceutical Industries Overview (February 2022, U.S. Department of Commerce, International Trade Administration):

- Industry Impact: Both industries significantly contribute to the U.S. economy and support hundreds of thousands of jobs.
- Employment & Payroll (2020):
- Medical Devices: Over 329,000 jobs, $25.8 billion annual payroll.
- Biopharmaceuticals: Over 224,000 jobs, $21.2 billion annual payroll.
- Sales/Revenue (2020):
- Medical Devices: Highest in Surgical and Medical Instrument Manufacturing ($36.3 billion).
- Biopharmaceuticals: Highest in Pharmaceutical Preparation Manufacturing ($154.7 billion).
- Foreign Direct Investment (FDI) Impact (2019):
- Medical Equipment and Supplies: 107,200 U.S. jobs supported by majority foreign-owned companies.
- Pharmaceuticals and Medicines: 215,100 U.S. jobs supported by majority foreign-owned companies.
- Medical Devices Industry Subsectors (2020):
- Surgical and Medical Instrument Manufacturing: Most employees (111,010) and highest annual payroll ($7.7 billion).
- Surgical Appliance and Supplies Manufacturing: Highest sales ($35.7 billion).
- Medical Devices Industry Clusters (2019):
- 4,465 establishments, 260,735 professionals, average annual wage of $75,655.
- Regulators: Food and Drug Administration (FDA), including Centers for Devices and Radiological Health (CDRH), Drug Evaluation and Research (CDER), and Biologics Evaluation and Research (CBER).
- SelectUSA: A program by the U.S. Department of Commerce to facilitate business investment in the U.S.